President Nguyen Xuan Phuc called on economies to act together to respond to climate change when speaking at the 2021 APEC Business Summit.
The APEC Business Summit 2021 will be held on 11-12 November in the city of Aukland, New Zealand, in the form of an online and in-person combination with the participation of 4,500 delegates who are leaders of leading businesses leader in the Asia-Pacific region.
State President Nguyen Xuan Phuc was invited to deliver the keynote address, guiding the discussion at the first session of the conference on sustainable development and climate change, according to a statement from the Ministry of Foreign Affairs.
The President highly appreciated the role of APEC in pioneering disaster response management, developing clean energy, conserving biodiversity, and trading in environmental goods. He affirmed that sustainable development to respond to climate change is a matter of strategic significance and a common responsibility of all countries, economies and businesses, requiring joint action.
The State President proposed action proposals, which suggested that each enterprise develop a plan and roadmap to reduce emissions according to the targets and indicators of the national regulations on greenhouse gas emission control, greening. economic sectors, lifestyle and consumption.
Towards clean energy projects, developing new technologies with increasing “green value”, building smart green agriculture is a way to invest in the future, according to the President. The APEC business community also needs to form green supply chains and encourage consumers to change environmentally friendly behavior.
He also proposed the APEC Business Advisory Council to develop a “Guideline to promote APEC sustainable business” with a focus on small and medium enterprises.
President Nguyen Xuan Phuc affirmed that Vietnam is committed to taking drastic action to transform its economic model to green growth and comprehensively respond to climate change, believing in policies on the same market of 100 million people. and a network of 14 free trade agreements are opportunities and favorable conditions for international investors to come to Vietnam to cooperate, share benefits and develop sustainably.
At the COP26 climate change summit, Vietnam committed to achieving emission balance by 2050, raising the share of renewable energy to over 30% of total primary energy supply and forest cover. stable at 43%, human-centered green development. In this process, Vietnam always wants to strengthen cooperation with APEC members, countries, domestic and international businesses.
The APEC Business Summit is part of the 28th Asia-Pacific Economic Cooperation (APEC) Summit Week from November 5 to November 12.